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  • optionstrader008 optionstrader008 Mar 11, 2013 8:06 PM Flag

    Chanos has Ackman's back on Herbalife bet.... HA HA HA BEND OVER iCAHN...

    Chanos has Ackman's back on Herbalife bet

    Last Updated: 2:42 PM, March 8, 2013
    Posted: 12:51 AM, March 8, 2013

    Activist investor Bill Ackman finally has a friend in his Herbalife fight.

    Famed short seller Jim Chanos yesterday voiced his support for Ackman’s short position — and revealed he made money from shorting the Los Angeles-based company last year.

    “I think Bill Ackman is correct in his analysis” of Herbalife, Chanos said in a TV interview.

    “I’m not crazy for this multi-level-marketing business,” Chanos added.

    Chanos was referring to the business model of Herbalife, the weight loss and nutritional supplements company Ackman is shorting. Less

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